UHNW Lending Portfolio Management - Liquid Products; SBL; AssistantVicePresident

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management, and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, and individuals from more than 1,200 offices in 43 countries. As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence, and strong team ethic.

Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, achieve, and grow. A philosophy that balances personal lifestyles, perspectives, and needs is an important part of our culture.

The Tailored Lending Group within Morgan Stanley Wealth Management is seeking an Asset Manager for our Liquid Products Team which specializes in bespoke financing transactions for Ultra-High Net Worth clients, including diversified and concentrated Securities Based Loans (SBL) and Cash Surrender Value of Life Insurance policies (Life Insurance Loans). The Asset Manager will report to the Head of Asset Management for Liquid Products and be responsible for managing and maintaining the quality of our existing and growing loan portfolio, collaborating with Lending Transactors on transitioning newly originated loans, and partnering with our Credit Risk Managers on portfolio risk control and reporting.

The position shall be based in Salt Lake City, UT.

Experienced credit professional with an ability to manage a portfolio of complex and highly structured loans This individual will be responsible for:

• Managing modifications, renewals, and annual reviews of existing credit facilities within a diverse portfolio of SBL and Life Insurance Loans:

  • Performing credit analyses covering financial statements and collateral and review of loan documents

  • Producing high quality credit memoranda clearly outlining transaction structure, results of the above credit analyses, and evaluation of strengths and risks of the transactions for Credit Risk Managers’ review and approval

  • Running point on loan modifications to existing credit facilities in partnership with Lending Transactors and Credit Professionals

• Evaluating, monitoring, and reporting on credit risk factors including :

  • Continuously monitoring financial condition and performance of loan parties, covenant compliance, and collateral valuations and communicating results to business unit and management

  • Valuing collateral to advise on margin calls and working with the Business, Operations, FA teams and Clients to resolve

  • Tracking developments in the capital markets, macro-economic and geopolitical events to keep abreast of potential impact on the financial conditions of loan parties

  • Timely amending loan classifications/risk ratings and performing impairment analysis when necessary

• Partnering with Lending Transactors and Credit Professionals in transition of loans to Asset Management

• Working with all relevant parties including Clients, Financial Advisors, Private Bankers, Loan Operations, Compliance and Legal teams throughout the loans’ lifecycle

• Ensuring portfolio data integrity within internal systems

• Ensuring accurate and timely updates of loan portfolio metrics/reports

• Assisting with the build out and continuous improvement of the asset management processes and procedures within Tailored Lending

• Bachelor’s degree required

• Minimum 3-5 years of lending and credit experience in private bank, investment bank and/or commercial bank

• Experience in accounting and finance

• Detail oriented with exceptional analytical skills and ability to understand complex financial statements and loan structures

• Experience with troubled…